Retirement plan

G SQUARED FUNDING, LLC 401(K) PROFIT SHARING PLAN & TRUST

Name: G SQUARED FUNDING, LLC - G SQUARED FUNDING, LLC 401(K) PROFIT SHARING PLAN & TRUST (2022) Form 5500
Creator: G SQUARED FUNDING, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, G SQUARED FUNDING, LLC 401(K) PROFIT SHARING PLAN & TRUST, G SQUARED FUNDING, LLC

G SQUARED FUNDING, LLCEIN 45-4433894Plan #001PY 2022

8215 ROSWELL RD, BLD 600 - SANDY SPRINGS, GA 30350678-352-2421gsquaredfunding.comLinkedIn11-50 employeesfinancial services

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$1.2M

-10.4% from 2021

Total participants

+37.0% from 2021

Average account balance

$52,549

-33.7% from 2021

Annual return

-22.20%

-39.49 pp from 2021

Benchmarks

See 7,130 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,130 peers

Snapshot2022

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$2.10M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$100K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

77.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$165K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+18.10%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$1324

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2T3B3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$52,549

$110,083-52.3%

$151,645-65.3%

$68,490-23.3%

Participation rate

50.0%

84.0%-34.0pp

87.5%-37.5pp

67.9%-17.9pp

Annual return

-22.20%

-10.12%-12.1pp

3.34%-25.5pp

-7.85%-14.4pp

Employer contribution / active EE

$1,740

$4,470-61.1%

$6,165-71.8%

$2,597-33.0%

Participant deferral / active EE

$3,966

$6,526-39.2%

$8,363-52.6%

$4,028-1.5%

Admin fee / account holder

$7,718-100.0%

$11,614-100.0%

$5,403-100.0%

G SQUARED FUNDING, LLC 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

G SQUARED FUNDING, LLC 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion